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Used car pricing reports typically produce three forms of the pricing information. Dealer or retail price is the price expected to pay if buying from a licensed new-car or used-car dealer. Dealer trade-in price or wholesale price is the price a shopper should expect to receive from a dealer if trading in a car.
Due to the high upfront cost of securing inventory, automobile dealerships frequently have a problem managing their cash flow.Often, used car dealerships purchase inventory using a retail floorplan, a type of specialty line of credit, that typically requires the automobile to be paid off in full within 90 days of purchase.
Most car dealerships use a floorplan facility to finance their inventory and factor the cost of the facility into the price presented to the consumer. The practice of using floorplan loans to finance inventory creates an incentive for the dealers to sell vehicles as quickly as possible in order to reduce the amount of interest that will accrue ...
As of October 2023, new cars cost an average of $48,451, which is up slightly from last October. Although new car transaction prices have fallen 2.4% since the start of the year, according to Cox...
While the price of many goods and services has returned to pre-COVID-19 levels, the auto industry is an anomaly unto itself. ... than those normally offered by automakers and dealerships on used ...
The whole point of buying a used car is to save money by letting the original owner eat the depreciation. However, the current auto industry has forced the price of some used models up so high ...
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